415 W State St - Storefront Retail/Office FOR SALE


Geneva, IL 60134
$1,750,000 USD
630-488-2389
415 W State St, Geneva, IL for Sale
$1,750,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 7.2% Cap Rate

415 W State St
Geneva, IL 60134


HIGHLIGHTS

  • Prime Downtown Geneva Historic District Retail Property with Exceptional Foot & Vehicle Traffic
  • 100% Leased to Three Established Local Tenants with Gross Leases
  • Long-Term Anchor Tenant Secured Through 2031
  • Mark-to-Market Upside on 2028 Lease Rollovers
  • Rare Onsite Parking - 27 Surface Spaces
  • Recent Capital Improvements

OVERVIEW

Interra Realty has been exclusively engaged to market for sale the retail property located at 415 West State Street in Geneva, IL. The property is a 7,959 SF brick retail center comprised of five (5) suites and is currently 100% leased to three (3) established local tenants. The property also includes twenty-seven (27) dedicated surface parking spaces, a rare amenity for a downtown Geneva retail asset. The property has been well maintained by current ownership, with a complete building remodel and upgrade in 2008 and four (4) new HVAC condensers installed in 2025. The property is prominently positioned in Downtown Geneva's Historic District on West State Street (Route 38) near 3rd Street, one of the highest trafficked retail corridors in Geneva and the primary east-west arterial through the downtown core. Tenants and customers benefit from immediate proximity to Geneva's Third Street shopping and dining district, the Geneva Metra Station, and the Fox River. The property is also strategically located near Routes 31 and 64, providing easy access to St. Charles, Batavia, and the broader Fox Valley. The surrounding trade area is densely populated and affluent, with 85,000 residents between Geneva, Batavia, and St. Charles.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,024 SF

ZONING

-

APN/PARCEL ID

12-03-409-009

ASK ABOUT THIS PROPERTY

Nathan ZitoInterra RealtyMore Info
630-488-2389

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Nathan ZitoInterra RealtyMore Info
630-488-2389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.